Change - Announcement Of Cessation Of Operations Manager, Mermaid Drilling
10 November 2015
| Announcement Title | Change - Announcement of Cessation |
| Announcement Subtitle | Cessation of Operations Manager, Mermaid Drilling |
| Securities | MERMAID MARITIME PUBLIC CO LTD (MERMAID) |
| Date & Time of Broadcast | Nov 10, 2015 18:33 |
| Submitted By | Ms. Rujiraporn Hengtrakool Manager, Legal & Corporate Affairs Dept. |
| Description | Cessation of Mr. Jeffery Allen Breal, Operations Manager, Mermaid Drilling |
| Cessation Details | |
| Name of person | Mr. Jeffery Allen Breal |
| Age | 59 |
| Is effective date of cessation known? | Yes |
| Effective date for cessation | Nov 8, 2015 |
| Detailed reason(s) for cessation | Due to internal restructuring. |
| Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? | No |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | No |
| Any other relevant information to be provided to shareholders of the listed issuer? | Yes |
| If yes, please provide full details | The Board of Directors of the Company expresses its thanks and appreciation for the role that Mr. Breal has performed in maintaining the operational efficiency of the offshore drilling services business of the Company including supervision of new build rigs under construction. Mr. Breal has agreed to continually support the Company as a consultant on a project-by-project basis subject to terms and conditions to be mutually agreed. |
| Date of appointment to current position | Sep 1, 2014 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of independent directors currently resident in Singapore (taking this account this cessation) | 2 |
| Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months | 0 |
| Job Title | Operations Manager, Mermaid Drilling |
| Role and responsibilities | To manage and oversee the day-to-day operations of the offshore drilling services business of the Company including supervision of new build rigs under construction. |
| Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries | None. |
| Shareholdings interest in the listed issuer and its subsidaries? | No |
| Other directorships | |
| Past (for the last 5 years) | None. |
| Present | None. |